Great explanation, thanks for taking the time to give the details.
So, it sounds like the risk to the legit shareholder comes if the company flops and not before, right? I assume there is a time when the shorter has to make good on their prior sale….when is that determined….when the broker calls and asks for the shares? Will the transfer to the OTCBB trigger that call or will the new CUISP # let all the shorters off the hook?
I am curious about your comments concerning Flirty Girl as that is when I started accumulating millions of shares. When it moved to Playstar, all the shares ‘showed up’ in the account….do you see any issue with that…my broker says all the shares are there.
Finally, with respect to tthe effect of NSS on the company and they not having funds to operate on….isn’t it really only the initial investor that provides funding to the company….at the time of IPO? After that, we the subsequent shareholders are really just trading ‘worthless’ pieces of paper on the basis of what we think the future holds?
In our case, with PLYCF issuing some 80 million shares and NWWV issuing some 100 million shares and assuming an initial share price of just 50 cents….which I think is a low number….then these companies have had nearly 90 million dollars to play with since they were founded. Any subsequent issuance of stock at these current low prices would do little to raise additional capital if needed to operate the company. Which makes one wonder what the new NWWV will do with an authorization for an additional 60 million or so shares. At .02 that doesn’t get them much cash…unless they use them to acquire other business like PLYCF did with ‘Function’.
Thanks again for the chat and taking the time to read and respond to my post.
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